Common use of Retention and Limit Clause in Contracts

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $10,000,000 as respects any one occurrence.

Appears in 2 contracts

Samples: Amcomp Inc /Fl, Amcomp Inc /Fl

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Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 7,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 13,000,000 as respects any one loss occurrence, nor shall it exceed $13,000,000 in all during the term of this Contract.

Appears in 2 contracts

Samples: Excess Catastrophe Reinsurance (21st Century Holding Co), Excess Catastrophe Reinsurance (21st Century Holding Co)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 124,300,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 25,000,000 as respects any one loss occurrence.

Appears in 2 contracts

Samples: Fourth Excess Catastrophe Reinsurance (Federated National Holding Co), Interests and Liabilities Agreement (Federated National Holding Co)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 90,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for 95% of the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed 95% of $10,000,000 25,000,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Agreement (Meridian Insurance Group Inc)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 326,833,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each any one loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the Reinsurer's liability of the Reinsurer for ultimate net loss (plus an allowance for loss adjustment expense) shall not exceed $10,000,000 1,062,500,000 as respects any one occurrence.all losses arising out of loss occurrences commencing during the term of this Contract. 

Appears in 1 contract

Samples: FHCF Supplement Layer (Federated National Holding Co)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 140,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $10,000,000 50,000,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Philadelphia Consolidated Holding Corp

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 7,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable (subject to the provisions of paragraph B below) for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 13,000,000 as respects any one loss occurrence, nor shall it exceed $13,000,000 in all during the term of this Contract.

Appears in 1 contract

Samples: 21st Century Holding Co

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 1,000,000 of ultimate net loss (regardless of the combination of classes of businessas respects each risk, number of policies or number of interests involved) arising out of each occurrenceloss. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 4,000,000 as respects any one occurrencerisk, each loss.

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Financial Pacific Insurance Group Inc)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 7,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $10,000,000 3,000,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Underlying Excess Catastrophe (Philadelphia Consolidated Holding Corp)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 66,441,019 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 12,500,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Interests and Liabilities Agreement (21st Century Holding Co)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 90,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 50,000,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Philadelphia Consolidated Holding Corp

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 265,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each any one loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the Reinsurer's liability of the Reinsurer for ultimate net loss (plus an allowance for loss adjustment expense) shall not exceed $10,000,000 775,000,000 as respects any one occurrenceall losses arising out of loss occurrences commencing during the term of this Contract.

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Federated National Holding Co)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention's retention (subject to the provisions of paragraph B below), but the liability of the Reinsurer shall not exceed $10,000,000 15,000,000 of ultimate net loss, as respects any one loss occurrence., nor shall it exceed $30,000,000, in all during the term of this Contract. 20\F7V1101Page 4

Appears in 1 contract

Samples: Second and Third Event (FedNat Holding Co)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 140,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 50,000,000 as respects any one occurrenceloss occurrence nor shall it exceed $50,000,000 in all during the term of this Contract.

Appears in 1 contract

Samples: Philadelphia Consolidated Holding Corp

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 240,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $10,000,000 50,000,000 as respects any one occurrenceloss occurrence nor shall it exceed $50,000,000 in all during the term of this Contract.

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Philadelphia Consolidated Holding Corp)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 6,150,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Philadelphia Consolidated Holding Corp

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 190,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $10,000,000 5,000,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Philadelphia Consolidated Holding Corp

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 150,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 25,000,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Homeowners of America Holding Corp

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 3,500,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $10,000,000 6,500,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Philadelphia Consolidated Holding Corp

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Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 7,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 4,000,000 as respects any one loss occurrence, nor shall it exceed $8,000,000 in all during the term of this Contract.

Appears in 1 contract

Samples: Non Competition (Federated National Holding Co)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 7,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 3,000,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Underlying Excess Catastrophe (Philadelphia Consolidated Holding Corp)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 5,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 7,800,000 as respects any one loss occurrence, nor $7,800,000 in all during the term of this Contract.

Appears in 1 contract

Samples: Excess Catastrophe Reinsurance (HG Holdings, Inc.)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 90,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $10,000,000 50,000,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Philadelphia Consolidated Holding Corp)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 65,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for 95% of the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed 95% of $10,000,000 25,000,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Agreement (Meridian Insurance Group Inc)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 140,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $10,000,000 50,000,000 as respects any one occurrenceloss occurrence nor shall it exceed $50,000,000 in all during the term of this Contract.

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Philadelphia Consolidated Holding Corp)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 50,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $10,000,000 40,000,000 as respects any one occurrenceloss occurrence nor shall it exceed $40,000,000 in all during the term of this Contract.

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Philadelphia Consolidated Holding Corp)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 18,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer shall not exceed $10,000,000 7,100,000, as respects any one loss occurrence.. 

Appears in 1 contract

Samples: Excess Catastrophe Reinsurance Contract (Federated National Holding Co)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 195,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $10,000,000 45,000,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Philadelphia Consolidated Holding Corp)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests insureds involved) arising out of each occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $10,000,000 as respects any one occurrence.

Appears in 1 contract

Samples: Amcomp Inc /Fl

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 3,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s 's retention, but the liability of the Reinsurer under each excess layer shall not exceed $10,000,000 2,000,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Excess Catastrophe (Amwest Insurance Group Inc)

Retention and Limit. A. The Company shall retain and be liable for the first $10,000,000 85,000,000 of ultimate net loss (regardless of the combination of classes of business, number of policies or number of interests involved) arising out of each loss occurrence. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $10,000,000 40,000,000 as respects any one loss occurrence.

Appears in 1 contract

Samples: Agency Agreement (Homeowners Choice, Inc.)

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